DeviceFidelity will now operate as a subsidiary of Kili with founders Deepak Jain and Amitaabh Malhotra continuing to manage the division. The company’s existing secure microSD and NFC products will continue to be offered and “an exciting new lineup of mobile point of sale and wearable products” will be developed, DeviceFidelity says.

“DeviceFidelity has long pioneered the role of mobile devices as the leading platform of choice for secure transactions; a vision now being embraced by some of the planet’s most powerful technology and payments companies” Jain says.

“Kili’s vision and product strategy is a great fit for us and this merger will accelerate our plans to bring innovative, easy to deploy, end-to-end mobile solutions to merchants, consumers, telecom operators and financial institutions.”